17. February 2016 · Comments Off on Tips on Getting the Lowest Car Insurance Rates · Categories: Car Insurance

Auto insurance is something that we have to buy whether we like it or not. Maybe you are looking for some ways to lower your car insurance premiums. There are some things you can do to find the lowest possible rates for you and your driving record. Here we want to take a look at some them here.

Your car insurance premiums are based mostly on why type of driver you are. The easiest way to have lower premiums is to be a good driver and have a good driving record. This means you have no tickets or accidents within the last five years. This requirement will vary from state to state, so check the insurance rating laws where you live and how they define a good driver.

There is nothing like competition to lower prices on goods and services, and with insurance this applies as well. Car insurance premiums will vary from company to company so you need to shop around to get the best deal. Try to get at least three to five quotes from different types of companies. Search in your town or region with local agents, and look online as well. You can also contact you state insurance department to get phone numbers of insurers in your area and on the web.

If you are purchasing a new car be aware that the type of car you end up getting will affect your insurance premiums. Your comprehensive and collision coverages will be based on the age of your car, its reliability record, how much it costs to repair it, and the overall price of the car new. Many companies will give you a discount if you have anti theft protection or daytime safety lights. You can get information on insurance friendly new cars from the Insurance Institute of Highway Safety.

The overall cost of your premiums will also be based on how much coverage you desire. The lower your deductibles are the higher the cost of your insurance. If you want to lower the cost of your insurance for your car you will have to have higher deductibles. For example, if you increase your deductible to one thousand dollars you can shave approximately forty percent on average off of your premiums. If you do choose to go with the larger deductibles make sure you have adequate savings to cover them in case you need them.

Many insurers will offer multi car or multi line discounts. If you have more than one car insured with the same agent or company they may give you a multi car discount. Likewise, if you have other coverages with the same agent or company like home owners insurance or renters insurance you may get a multi line discount. When you are shopping around check with each insurer to see if they offer these discounts.

Make sure you ask about low mileage discounts, and reduce coverage for older cars. Your car insurance premium will partly be based on how much you drive your car. If possible, you want to take your most expensive car and drive it the least. Another way to reduce mileage is to get involved with car pooling. Also, if you car is older it may not pay to have comprehensive coverage for it. A rule of thumb to use is if your car is worth less than ten times your yearly premium then it may not be cost effective to keep the coverage.

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